Trading Report: The Kirkland Lake Gold Inc. (KGI) Receives Consensus Rating of “Buy” from Brokerages

The Kirkland Lake Gold Inc. (KGI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Kirkland Lake Gold Inc. (TSE:KGI) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$12.10.

Several research firms recently weighed in on KGI. Scotiabank decreased their price target on Kirkland Lake Gold from C$14.25 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. M Partners restated a “buy” rating on shares of Kirkland Lake Gold in a report on Monday, July 18th. CIBC increased their target price on Kirkland Lake Gold from C$12.50 to C$13.00 in a research note on Friday, July 15th. Finally, National Bank Financial increased their target price on Kirkland Lake Gold from C$13.50 to C$14.50 in a research note on Wednesday, July 13th.

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